This affidavit is used to transfer the title of a parcel of land, attaching any existing covenants, upon the death of the Owners/Affiants to the designated beneficiary that survive the Owners/Affiants. It should be signed in front of a Notary Public. The form does NOT include provision for an alternate beneficiary in the event the designated beneficiary predeceases the owners. The designation of the beneficiary in an affidavit of transfer on death may be revoked or changed at any time, without the consent of that designated transfer on death beneficiary, by either owner of the interest by executing, in accordance with Chapter 5301 of the Ohio Revised Code and recording a transfer on death designation affidavit conveying the owner's entire, separate interest in the real property to one or more persons, including the Owner, with or without the designation of another transfer on death beneficiary.
Ohio Affidavit Tod Form For Real Estate
Description
How to fill out Ohio Transfer On Death Designation Affidavit - TOD From Two Individuals To One Individual?
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FAQ
An Ohio real estate owner can use a TOD affidavit to transfer a whole or partial interest in Ohio real estate. A TOD affidavit can be used by a sole owner or a part-owner who co-owns real estate with one or more co-owners. An Ohio TOD affidavit can transfer complete title or a fractional interest in real estate.
(2) A transfer on death designation affidavit may contain a designation of one or more persons as contingent transfer on death beneficiaries, who shall take the interest of the deceased owner that would otherwise have passed to the transfer on death beneficiary if that named transfer on death beneficiary does not ...
Ohio law allows individuals who do not need the estate administration benefits of a trust agreement to avoid Probate on the transfer of real property by executing a legal document called a Transfer-On-Death (?TOD?) Designation Affidavit.
How to create a Transfer on Death for your home Choose your recipients. You can choose one or more people to become owner of any home or land that you own. ... Find a copy of your deed. ... Complete the TOD for real estate form. ... Take the form to a notary . ... Submit the form at your County Recorder's Office.
A transfer on death (TOD) designation affidavit (previously called a "transfer on death deed" in Ohio) works similarly to a deed you might use to transfer your Ohio real estate, but with a crucial difference: It doesn't take effect until your death.